| A&H |
Accident and Health |
|
| A&I |
Accident and Indemnity |
|
| A&S |
Accident and Sickness Insurance |
|
| a/m |
Above Mentioned |
|
| AAA |
American Academy of Actuaries; American Accounting Association |
|
| AAIS |
American Association of Insurance Services |
|
| AAR |
Against All Risks |
|
| AAU |
Associated Aviation Underwriters |
|
| ABS |
American Bureau of Shipping |
|
| Ac |
Accident |
|
| ACH |
Automated Clearing House |
|
| ACIF |
All Canada Insurance Federation |
|
| ACLU |
American College of Life Underwriters |
|
| ACMI |
Aircraft Crew Maintenance and Insurance |
|
| ACSC |
Association of Casualty and Surety Companies |
|
| ACV |
Actual Cash Value |
|
| ADB |
Accidental Death Benefit |
|
| AEAI |
Association Européenne des Assurés de l'Industrie |
|
| AEC |
Additional Extended Coverage |
|
| AFA |
Associated Fraternities of America; Aerospace Financial Assurance |
|
| AFIA |
American Foreign Insurance Association |
|
| AGC |
Associated General Contractors |
|
| AHA |
American Hospital Association |
|
| AHIS |
American Hull Insurance Syndicate |
|
| AIA |
American Insurance Association |
|
| AIC |
Asian Insurance Council |
|
| AICD |
Automobile Insurance Claim Depository |
|
| AICPA |
American Institute of Certified Public Accountants |
|
| AIDA |
Association Internationale de Droit d'Assurance |
|
| AIIC |
Associate of the Insurance Institute of Canada; Arab International Insurance Company |
|
| AIMR |
Association for Investment Management and Research |
|
| AIMU |
American Institute of Marine Underwriters |
|
| AIOA |
Aviation Insurance Offices' Association |
|
| AIPLU |
American Institute for Property and Liability Underwriters |
|
| AIRM |
Association of Insurance Risk Managers |
|
| AIS |
Accounting Information System |
|
| AIV |
Appreciation in Value |
|
| ALC |
American Life Convention |
|
| ALE |
Additional Living Expenses |
|
| ALGOL |
Algorithmic Language |
|
| ALIMD |
Association of Life Insurance Medical Directors |
|
| ALOP |
Advance Loss of Profit |
|
| AMA |
American Medical Association |
|
| AmCham |
American Chamber of Commerce |
|
| AMIA |
American Mutual Insurance Alliance |
|
| AML |
Absolute Maximum Loss |
|
| AMS |
American Meteorological Society |
|
| AMU(BC) |
Association of Marine Underwriters of British Columbia |
|
| ANI |
American Nuclear Insurers |
|
| ANL |
Above Normal Loss |
|
| ANLE |
Above Normal Loss Expectancy |
|
| ANSI X12 |
American National Standards Institute (for interindustry electronic interchange of business transactions) |
|
| AO |
At Occupation |
|
| AP |
Additional Premium |
|
| APC |
Auditory Practices Committee |
|
| APL |
Anticipated Probable Loss; Automatic Premium Loan; Average Probable Loss |
|
| APQP |
Advanced Product Quality Planning |
|
| AR |
Accounts Receivable; All Risks |
|
| ARC |
Asian Reinsurance Corporation |
|
| ARIA |
American Risk and Insurance Association |
|
| ARIAS |
AIDA |
|
| ARP |
Assigned Risks Pool |
|
| ARR |
All Risks Reinsurance |
|
| AS |
Automatic Sprinkler |
|
| ASA |
American Standards Association |
|
| ASCE |
American Society of Civil Engineers |
|
| ASCS |
Agricultural Stabilization and Conservation Service |
|
| ASEAN |
Association of Southeast Asian Nations |
|
| ASIM |
American Society of Insurance Management |
|
| ASLO |
Associated Scottish Life Offices |
|
| ASO |
Administrative Services Only |
|
| ASP |
Advanced Studies Program |
|
| ASTIN |
Actuarial Studies in Non-Life Insurance |
|
| ATIMA |
As Their Interest May Appear |
|
| ATP |
Automatic Train Protection |
|
| Au |
Automobile |
|
| AUC |
Assets Under Construction |
|
| AUM |
Assets Under Management |
|
| AUTHOR |
Authorization |
|
| B&C |
Building and Contents |
|
| B/Down |
Breakdown |
|
| B/L |
Bill of Lading |
|
| B2B |
Business to Business |
|
| BACT |
Best Available Control Technology |
|
| BANSTA |
Banking Status |
|
| BAP |
Basic Automobile Policy; Business Automobile Policy |
|
| BATNEEC |
Best Available Technology Not Entailing Excessive Costs |
|
| BBB |
Banker's Blanket Bond |
|
| BBSU |
Bid Bond Service Undertaking |
|
| BCP |
Blanket Crime Policy |
|
| BDI |
Both Days Inclusive |
|
| BFL |
Business Facility Lease |
|
| BFUP |
Board of Fire Underwriters of the Pacific |
|
| BI |
Bodily Injury; Business Interruption |
|
| BIA |
British Insurance Association |
|
| BIBA |
British Insurance Brokers' Association |
|
| BIM |
British Institute of Management |
|
| BLAR |
British League against Rheumatism |
|
| Bo |
Bonding |
|
| BOBO |
Bourgeois Bohemian |
|
| BP |
Brick Protected |
|
| BPB |
Blanket Position Bond |
|
| BR |
Brick; Builder's Risk |
|
| BSM |
British School of Motoring |
|
| BSP |
Bank Settlement Plan/Billing and Settlement Plan |
|
| BU |
Burglary; Brick Unprotected |
|
| BV |
Brick Veneered |
|
| BVC |
Bureau Veritas Class |
|
| C |
Casualty; Combined |
|
| C of C |
Course of Construction |
|
| C% |
Cent Percent |
|
| C&F |
Cost and Freight |
|
| CAAT |
Computer Assisted Auditing Techniques |
|
| CAD |
Computer Aided Design |
|
| CAE |
Computer Aided Engineering |
|
| CAIG |
Canadian Aircraft Insurance Group |
|
| CAIR |
Canadian Insurance Rating |
|
| CALI |
Compulsory Automobile Liability Insurance |
|
| Canc. |
Cancel |
|
| CAP |
Chicago Area Program |
|
| CAPEX |
Capital Expenditures |
|
| CAPM |
Capital Asset Pricing Model |
|
| CAPP |
Conference of Actuaries in Public Practice |
|
| CAR |
Contractors All Risks |
|
| CAS |
Casualty Actuarial Society |
|
| CB |
Cash Book |
|
| CBB |
Commercial Blanket Bond |
|
| CBE |
Commander of the Order of the British Empire |
|
| CBMU |
Canadian Board of Marine Underwriters |
|
| CBMUA |
Canadian Boiler and Machinery Underwriters Association |
|
| CC |
Captain's Copy |
|
| CCC |
Commodity Credit Corporation |
|
| CCIA |
Consumer Credit Insurance Association |
|
| CCR |
Central Contractor Registration |
|
| CDDD |
Comprehensive Dishonesty |
|
| CDIA |
Centre of Documentation and Information |
|
| CDP |
Comprehensive Dwelling Policy |
|
| CEA |
Comité Européen des Assurances; Committee of European Assurance |
|
| CECR |
Civil Engineering Completed Risks |
|
| CEIOPS |
Committee of European Insurance and Occupational Pensions Supervisors |
|
| CEMT |
Council of European Ministers of Transport |
|
| CERCLA |
Comprehensive Environmental Response |
|
| CF |
Carried Forward |
|
| CFI |
Cost |
|
| CFIAB |
Canadian Federation of Insurance Agents and Brokers |
|
| CFM |
Cubic Feet per Minute |
|
| CFPA |
Europe Confederation of Fire Protection Association Europe |
|
| CFR |
Crash/Fire Rescue Vehicles; Centre for Fire Research; Cost and Freight |
|
| CGL |
Comprehensive General Liability |
|
| CHIA |
Canadian Health Insurance Association |
|
| CHIAA |
Crop-Hail Insurance Actuarial Association |
|
| CHUA |
Canadian Hail Underwriters Association |
|
| CI |
Cost and Insurance; Certificate of Insurance |
|
| CIA |
Cotton Insurance Association; Canadian Institute of Actuaries |
|
| CIAC |
Canadian Independent Adjusters Conference |
|
| CICMA |
Canadian Insurance Claims Managers Association |
|
| CIEL |
Centre for International Environmental Law |
|
| CIF |
Cost |
|
| CIF&C |
Cost |
|
| CIFC&I |
Cost |
0 |
| CII |
Chartered Insurance Institute |
|
| CILA |
Chartered Institute of Loss Adjusters |
|
| CIP |
Freight/Carriage and Insurance Paid to… |
|
| CIRV |
Convention Internationale de Récupération des Véhicules Volés |
|
| CIS |
Corporate Information System |
|
| CIT |
Commission on Insurance Terminology of the American Risk and Insurance Association |
|
| CL |
Chain Ladder; Current Liabilities |
|
| CLR |
Complementary Loss Ratio |
|
| CLU |
Chartered Life Underwriter |
|
| CME |
Chicago Mercantile Exchange |
|
| CMI |
Comité Maritime International |
|
| CML |
Credible Maximum Loss |
|
| CMP |
Cost Management Process |
|
| Cnts. |
Contents |
|
| Co. |
Coinsurance |
|
| COBOL |
Common Business Oriented Language |
|
| COD |
Cash on Delivery |
|
| COFSA |
Commonwealth and Overseas Fire Services Association |
|
| COL's |
Corporation of Lloyd's |
|
| COM |
Computer Output Microfilm |
|
| COMDIS |
Commercial Dispute |
|
| Comp. |
Comprehensive; Compensation |
|
| Comp. Op. |
Completed Operations |
|
| COSHH |
Control of Substances Hazardous to Health |
|
| CP |
Capacity |
|
| CPA |
Certified Public Accountant |
|
| CPC |
Commercial Property Coverage |
|
| CPCU |
Chartered Property and Casualty Underwriter |
|
| CPE |
Construction Plant and Equipment |
|
| CPLDS |
Classification |
|
| CPM |
Construction |
|
| CPS |
Centre for Policy Studies |
|
| CR |
Credit Report |
|
| CREADV |
Credit Advice Message |
|
| CREEXT |
Extended Credit Advice Message |
|
| CREMUL |
Multiple Credit Advice Message |
|
| CRISTAL |
Contract Regarding an Interim Supplement to Tanker Liability for Oil Pollution |
|
| CRO |
Cancelling Returns Only |
|
| CRTD |
Convention on Civil Liability for Damage Caused during Carriage of Dangerous Goods |
|
| by Road |
Rail and Inland Navigation Vessels |
|
| CSA |
Canadian Standards Association |
|
| CSL |
Combined Single Limit |
|
| CSRP |
Canadian Sprinkler Risk Pool |
|
| CST |
Central Standard Time |
|
| CT |
Certified Transport |
|
| CTL |
Constructive Total Loss |
|
| CTLO |
Constructive Total Loss Only |
|
| CUA |
Canadian Underwriters Association |
|
| CUNA |
Credit Union National Association |
|
| CVIA |
Computer Virus Industry Association |
|
| CVLI |
Cash Value Life Insurance |
|
| D&O |
Director and Officials/Officers |
|
| DA Plan |
Deposit Administration Plan |
|
| DAF |
Delivered at Frontier |
|
| DBA |
Doing Business As |
|
| DBL |
Disability Benefit Law |
|
| DBMS |
Data Base Management System |
|
| DDD |
(Comprehensive) Dishonesty |
|
| DDL |
Data Definition Language |
|
| DDP |
Delivered |
|
| DDU |
Delivered |
|
| DEBADV |
Debit Advice Message |
|
| DEBMUL |
Multiple Debit Advice Message |
|
| Ded |
Deductible |
|
| DEQ |
Delivered ex Quay |
|
| DES |
Delivered ex Ship |
|
| DESH |
Design of an Experiment to Suppress Hail |
|
| DFA |
Design for Assembly |
|
| DFM |
Design for Manufacturing |
|
| DH |
Double Hydrant |
|
| DI |
Double indemnity |
|
| DIC |
Difference in Conditions Coverage |
|
| DIL |
Difference in Limit |
|
| DIRDEB |
Direct Debit Message |
|
| DISC |
Disability Insurance Sales Course |
|
| DITC |
Disability Insurance Training Council |
|
| DLP |
Date of Last Payment |
|
| DML |
Data Manipulation Language |
|
| DNR |
Do Not Renew (a Policy) |
|
| DOB |
Date of Birth |
|
| DOC |
Drive Others' Cars |
|
| DOCADV |
Documentary Credit Advice Message |
|
| DOCAMA |
Advice of an Amendment of a Documentary Credit |
|
| DOCAMI |
Documentary Credit Amendment Information Message |
|
| DOCAMR |
Request for an Amendment of a Documentary Credit Message |
|
| DOCAPP |
Documentary Credit Application Message |
|
| DOCARE |
Response to an Amendment of a Documentary Credit |
|
| DOCINF |
Documentary Credit Issuance Information |
|
| DOE |
Design of Experiments; Department of the Environment |
|
| DOI |
Date of Inception |
|
| DOL |
Date of Loss |
|
| DPI |
Disposable Personal Income |
|
| DPP |
Deferred Payment Plan |
|
| DQL |
Data Query Language |
|
| DR |
Daily Report |
|
| DST |
Daylight Saving Time |
|
| Dupl. |
Duplicate |
|
| DWT |
Deadweight Tonnage |
|
| E&O |
Errors and Omissions |
|
| E&OE |
Errors and Omissions Excepted |
|
| EAR |
Erection All Risks |
|
| ECB |
European Central Bank |
|
| ECE |
Extended Coverage Endorsement |
|
| ECG |
Electrocardiogram |
|
| ECGD |
Export Credit Guarantee Department |
|
| ECMWF |
European Centre for Medium Range Weather Forecasting |
|
| ECU |
European Currency Unit |
|
| EDI |
Electronic Data Interchange |
|
| EDP |
Electronic Data Processing |
|
| EDT |
Eastern Daylight Time |
|
| EEI |
Electronic Equipment Insurance |
|
| EEL |
Each and Every Loss; Emergency Exposure Limit |
|
| EFT |
Electronic Funds Transfer |
|
| EICAR |
European Institute of Computer Anti-Virus Research |
|
| EII |
Economic Incentive Index |
|
| EIL |
Environmental Impairment Liability (Cover) |
|
| EIU |
Economic Intelligence Unit |
|
| EML |
Estimated Maximum Loss |
|
| EMPL |
Estimated Maximum Possible Loss |
|
| EMS |
European Monetary System |
|
| EMU |
European Monetary Union |
|
| EOM |
End of Month |
|
| EP |
Earned Premium |
|
| EPA |
Environmental Protection Agency |
|
| EPI |
Estimated Premium Income |
|
| EPML |
Expected Probable Maximum Loss; Estimated Probable Maximum Loss |
|
| EQA |
European Quality Award |
|
| ERAS |
Environmental Risk Analysis System |
|
| ERM ERP |
Exchange Rate Mechanism Extended Reporting Period |
|
| ESIG |
Environmental and Societal Impacts Group |
|
| ESO |
Executive Share Option |
|
| ESOP |
Employee Stock Ownership Plan |
|
| ESP |
Electrostatic Precipitator |
|
| EST |
Eastern Standard Time |
|
| ET |
Eastern Time |
|
| ETA |
Estimated Time of Arrival |
|
| EUA |
Eastern Underwriters Association; European Units of Account |
|
| EVP |
Executive Vice President |
|
| exch |
Exchange Rate |
|
| EXIM |
Export Import Bank of the United States |
|
| exp. |
Expenses |
|
| EXW |
Ex Works |
|
| F |
Fire |
|
| F&A |
Fire and Allied Perils |
|
| F&F |
Fixtures and Fittings |
|
| F&T |
Fire and Theft |
|
| F/S |
Financial Statement |
|
| FA |
Faculty of Actuaries in Scotland |
|
| FAA |
Federal Aviation Administration; Federal Actuarial Association |
|
| FAIR |
Federation of Afro-Asian Insurers and Reinsurers |
|
| FAR |
Federal Acquisition Regulations |
|
| FAS |
Free Alongside Ship |
|
| FASB |
Financial Accounting Standards Board |
|
| FBL |
FIATA |
|
| FC&S |
Free of Capture and Seizure Clause |
|
| FCA |
Free Carrier |
|
| FCAS |
Fellow of the Casualty Actuarial Society |
|
| FCIC |
Federal Crop Insurance Corporation |
|
| FCR |
Forwarding Agent's Certificate of Receipt |
|
| FCT |
Forwarding Agent's Certificate of Transport |
|
| FD |
Fire Department |
|
| FDA |
Food and Drug Administration |
|
| FDI |
Stock |
|
| Foreign Direct Investment Stock |
|
|
| FDIC |
Federal Deposit Insurance Corporation |
|
| FEA |
Finite Element Analysis |
|
| FEDI |
Financial Electronic Data Interchange |
|
| FEOMA |
Foreign Exchange and Options Master Agreement |
|
| FERIT |
Far East Regional Investigation Team |
|
| FERS |
Federal Employee Retirement System |
|
| FETAC |
Foreign Economic and Trade Arbitration Commission |
|
| FFSA |
Fédération Française des Sociétés d'Assurances |
|
| FGA |
Free of General Average |
|
| FHA |
Federal Housing Administration |
|
| FIA |
Fellow of the Institute of Actuaries; Full Interest Admitted; Factory Insurance Association |
|
| FIATA |
Fédération Internationale des Associations de Transitaires et Assimilés |
|
| FICA |
Federal Insurance Contributions Act |
|
| FIDES |
Federacion Interamericana de Empresas de Seguros |
|
| FIDIC |
Fédération Internationale des Ingénieurs Conseils |
|
| FIFO |
First In |
|
| figs |
Figures |
|
| FII |
Federation of Insurance Institutes |
|
| FINCAN |
Financial Cancellation Message |
|
| FINSTA |
Financial Statement of Account Message |
|
| FIRAA |
Fire Insurance Research and Actuarial Association |
|
| FIRREA |
Financial Institutions Reform Recovery and Enforcement Act of 1989 |
|
| FLEXA |
Fire |
0 |
| FLMI |
Fellow of the Life Management Institute |
|
| FLOP |
Fire Loss of Profits Insurance |
|
| FM |
Factory Mutual |
|
| FMC |
Federal Maritime Commission |
|
| FMEA |
Potential Failure Modes and Effects Analysis |
|
| FML |
Foreseeable Maximum Loss |
|
| FNMA |
Federal National Mortgage Association; Fannie Mae |
|
| FO |
Federal Official |
|
| FOB |
Free on Board |
|
| FOC |
Free of Charge; Fire Offices Committee |
|
| FOD |
Foreign Object Damage |
|
| FOM |
Fault of Management |
|
| FORTRAN |
Programing Language |
|
| FP |
Faithful Performance; Floating Policy |
|
| FPA |
Free of Particular Average; Fire Protection Association |
|
| FPM |
Feet per Minute |
|
| FPS |
Feet per Second |
|
| FRA |
Forward Rate Agreements |
|
| FSR |
&CC |
|
| FTC |
Federal Trade Commission |
|
| FTE |
Full Time Equivalent |
|
| FUA |
Farm Underwriters Association |
|
| FYI |
For Your Information |
|
| GA |
General Agent |
|
| GAAP |
Generally Accepted Accounting Principles |
|
| GAB |
General Adjustment Bureau |
|
| GAIF |
General Arab Insurance Federation |
|
| GAMC |
General Agents and Managers Conference |
|
| GC |
General Cover |
|
| GCT |
Greenwich Civil Time |
|
| GD&T |
Geometric Dimensioning and Tolerancing |
|
| GIC |
General Insurance Corporation |
|
| GL |
Gross Line |
|
| GLI |
United States Government Life Insurance |
|
| GLM |
General Linear Model |
|
| GTC |
Good Till Cancelled |
|
| H&M |
Hull and Machinery |
|
| HAZOP |
Hazard and Operability Study |
|
| HC |
Held Covered; Honour Contract |
|
| HCB |
Hollow Concrete Block |
|
| HD |
Heavy Duty; High Definition |
|
| HDD |
Heating Degree Days |
|
| HHF |
Household Furniture |
|
| HHG |
Household Goods |
|
| HHP |
Householder's Policy |
|
| HIO |
Health Insurance Organisation |
|
| HO |
Homeowner's Policy |
|
| HOA |
Homeowner's A Policy |
|
| HOB |
Homeowner's B Policy |
|
| HOC |
Homeowner's C Policy |
|
| HOLUA |
Home Office Life Underwriters Association |
|
| HPR |
Highly Protected Risk |
|
| HSE |
Health and Safety Executive |
|
| I&B |
Improvements and Betterments |
|
| I.I.S. |
International Insurance Seminar |
|
| i.R.O |
In Respect of |
|
| I/A |
Insurance Auditor |
|
| IA |
Institute of Actuaries |
|
| IAA |
Insurance Accountants Association; International Actuarial Association |
|
| IAAHU |
International Association of Accident and Health Underwriters |
|
| IACA |
International Association of Consulting Actuaries |
|
| IAIA |
International Association for Impact Assessment |
|
| IAIS |
International Association of Insurance Supervisors |
|
| IAM |
Institute of Advanced Motorists |
|
| IAPC |
International Auditing Practices Committee |
|
| IAR |
Industrial All Risks Policy |
|
| IAS |
International Accounting Standards |
|
| IASA |
Insurance Accounting and Statistical Association |
|
| IASC |
International Accounting Standards Committee |
|
| IASS |
Insurance Accounting and Statistical Society |
|
| IATA |
International Air Transport Association |
|
| IBAN |
International Bank Account Number |
|
| IBC |
Insurance Bureau of Canada |
|
| IBNR |
Incurred But Not Reported |
|
| IBRA |
Indonesian Bank Restructuring Agency |
|
| IBRC |
Insurance Brokers Registration Council |
|
| ICA |
International Congress of Actuaries |
|
| ICAC |
International Civil Aviation Committee (Organization) |
|
| ICC |
International Chamber of Commerce; Interstate Commerce Commission; Institute Cargo Clauses |
|
| ICE |
Internal Control Evaluation; Institution of Civil Engineering |
|
| ICIA |
International Credit Insurance Association |
|
| ICOM |
International Currency Options Market |
|
| ICOW |
Increased Costs of Working |
|
| ICQ |
Internal Control Questionnaires |
|
| ICS |
International Chamber of Shipping |
|
| IEC |
Inherent Explosion Clause |
|
| IFAC |
International Federation of Accountants |
|
| IFC |
International Finance Corporation |
|
| IFF |
Institute of Freight Forwarders |
|
| IFORS |
International Federation of Operational Research Societies |
|
| IFRS |
International Financial Reporting Standards |
|
| IFS |
Irish Free State |
|
| IGP |
International Group Programme |
|
| IHOU |
Institute of Home Offices Underwriters |
|
| IIA |
Insurance Institute of America |
|
| IIC |
Insurance Institute of Canada |
|
| IIHS |
Insurance Institute for Highway Safety |
|
| III |
Insurance Information Institute |
|
| IIS |
International Insurance Seminar |
|
| ILO |
International Labour Organization |
|
| ILU |
Institute of London Underwriters |
|
| ILUC |
Institute of London Underwriters Clause |
|
| IM |
Inland Marine |
|
| IMB |
International Maritime Bureau |
|
| IMC |
International Maritime Committee |
|
| IMCO |
International (Inter - Governmental) Maritime Consultative Organization |
|
| IMDG Code |
International Maritime Dangerous Goods Code |
|
| IMIB |
Inland Marine Insurance Bureau |
|
| IMO |
International Maritime Organisation |
|
| IMUA |
Inland Marine Underwriters Association |
|
| Incoterms |
International Commercial Terms |
|
| IOI |
International Oil Insurers |
|
| IOP |
Irrespective of Percentage |
|
| IOSCO |
International Organization of Securities Commissions |
|
| IP |
Intellectual Property |
|
| IPG |
Immediate Participation Guarantee Plan |
|
| IPIS |
Intellectual Property Insurance Services |
|
| IPPP |
Industrial Property Policy Program |
|
| IPT |
Insurance Premium Tax |
|
| IRB |
Insurance Rating Board |
|
| IRDA |
Insurance Regulatory and Development Authority |
|
| IRIC |
Inter-Regional Insurance Conference |
|
| IRPM |
Individual Risk Premium Modification |
|
| ISO |
Insurance Services Office; Insurance Services Organization |
|
| ISSA |
International Social Security Association |
|
| ISWS |
Illinois State Water Survey |
|
| ITB |
Industry Training Board; Insurance Technical Bureau |
|
| ITC |
Institute Time Clauses - Hulls |
|
| ITU |
International Telecommunication Union |
|
| IUAI |
International Union of Aviation Insurers |
|
| IUMI |
International Union of Marine Insurance |
|
| J&WO |
Jettison and Washing Overboard |
|
| JIPE |
Japan Institute of Plant Engineers |
|
| JIT |
Just in Time |
|
| KO |
Keep off (do not insure this) |
|
| L |
Life |
|
| L&M |
Labour and Material (Payment) Bond |
|
| L/S |
Local Sum Insured |
|
| LCL |
Less-than-Carload Lot |
|
| LI |
Liability |
|
| LIA |
Life Insurance Association |
|
| LIAA |
Life Insurance Association of America |
|
| LIAMA |
Life Insurance Agency Management Association |
|
| LIC |
Life Insurance Corporation; Life Insurance Committee |
|
| LIFO |
Last In |
|
| LIMNET |
London Insurance Market Network |
|
| LIMRF |
Life Insurance Medical Research Fund |
|
| LLP |
Large Loss Possibility |
|
| LMX |
London Market Excess of Loss |
|
| LNG |
Liquefied Natural Gas |
|
| LOA |
Life Offices Association; Length Overall |
|
| LOD |
Losses Occurring During |
|
| LOF |
Lloyd's Open Form |
|
| LOI |
Limit of Indemnity |
|
| LOP |
Loss of Profit |
|
| LPC |
Loss Prevention Council |
|
| LPG |
Liquefied Petroleum Gas |
|
| LPO |
Lloyd's Policy Office |
|
| LPSO |
Lloyd's Policy Signing Office |
|
| LST |
Local Standard Time |
|
| LTD |
Long Term Disability |
|
| LUA |
Lloyd's Underwriters Association; Liverpool Underwriters Association |
|
| LUTC |
Life Underwriter Training Council |
|
| M |
Marine |
|
| M&C |
Manufacturers and Contractors; Manufacturers and Contractors Liability Insurance |
|
| MC |
Manufacturers and Contractors Liability Insurance |
|
| MAC |
Mysterious Alien Creature; Maritime Arbitration Commission |
|
| MAELU |
Mutual Atomic Energy Liability Underwriters |
|
| MAERP |
Mutual Atomic Energy Reinsurance Pool |
|
| MAP |
Multicoverage Account Plan |
|
| MAT |
Marine and Transport |
|
| MBD |
Machinery Breakdown |
|
| MBO |
Management by Objectives |
|
| MCA |
Maximum Credible Accident |
|
| MCE |
Management Centre Europe |
|
| MCL |
Maximum Credible Loss |
|
| MD |
Material Damage |
|
| MDO |
Monthly Debit Ordinary |
|
| MDP |
Mutual Damage Policy |
|
| MEL |
Maximum Estimated Loss |
|
| MFD |
Metropolitan Fire Department |
|
| MFL |
Maximum Foreseeable Loss |
|
| MIA |
Marine Insurance Act |
|
| MIC |
Multiperil Insurance Conference |
|
| MIGA |
Multilateral Investment Guarantee Agency |
|
| MIP |
Master Insurance Program; Machinery Insurance Policy |
|
| MIS |
Management Information System |
|
| ML |
Multi-Line; Multiple Location |
|
| MLE |
Maximum Loss Expectancy |
|
| MLG |
Main Landing Gear |
|
| MLIRB |
Multi-Line Insurance Rating Bureau |
|
| MLOP |
Machinery Loss of Profits |
|
| MLR |
Multiple Location Risk |
|
| MO |
Mark Off; Manufacturer's Output |
|
| MOS |
Months |
|
| MP |
Minimum Premium; Multi-Peril |
|
| MPCI |
Multiple Peril Crop Insurance |
|
| MPG |
Miles per Gallon |
|
| MPH |
Miles per Hour |
|
| MPIRO |
Multiple Peril Insurance Rating Organization |
|
| MPL |
Maximum Probable Loss; Maximum Potential Loss; Maximum Possible Loss |
|
| MPPCF |
Million Particles per Cubic Foot |
|
| MPPD |
Maximum Probable Property Damage |
|
| MRFL |
Maximum Reasonably Foreseeable Loss |
|
| MSA |
Measurement System Analysis |
|
| MST |
Mountain Standard Time |
|
| MTO |
Multimodal Transport Operator |
|
| MTOW |
Maximum Take Off Weight |
|
| N/A |
Not Applicable |
|
| N/D |
Non-Delivery |
|
| NACHA |
National Automated Clearinghouse Association |
|
| NACOA |
National Advisory Committee on the Oceans and Atmosphere |
|
| NAIA |
National Association of Insurance Agents |
|
| NAIB |
National Association of Insurance Brokers |
|
| NAIC |
National Association of Insurance Commissioners |
|
| NAII |
National Association of Independent Insurers |
|
| NALU |
National Association of Life Underwriters |
|
| NAMCC |
National Association of Mutual Casualty Companies |
|
| NAMIA |
National Association of Mutual Insurance Agents |
|
| NAS |
National Academy of Sciences |
|
| NATB |
National Automobile Theft Bureau |
|
| NAUA |
National Auto Underwriters Association |
|
| NBCU |
National Bureau of Casualty Underwriters |
|
| NBFU |
National Board of Fire Underwriters |
|
| NBS |
National Bureau of Standards |
|
| NC |
No Charge |
|
| NCAD |
Notice of Cancellation at Anniversary Date |
|
| NCAR |
National Centre for Atmospheric Research |
|
| NCB |
No Claim Bonus |
|
| NCBOR |
No Claim Bonus on Renewal |
|
| NCEP |
National Centre for Environmental Prediction |
|
| NCI |
No Common Interest |
|
| NCP |
No Claim Policy |
|
| NELIA |
Nuclear Energy Liability Insurance Association |
|
| NEL |
-PIA |
|
| NEPA |
National Environmental Policy Act |
|
| NEPIA |
Nuclear Energy Property Insurance Association |
|
| NFC |
National Fraternal Congress of America |
|
| NFPA |
National Fire Protection Association |
|
| NFS |
National Forest Service |
|
| NFWC |
National Fire Waste Council |
|
| NHC |
National Hurricane Centre |
|
| NHRE |
National Hail Research Experiment |
|
| NIAC |
Nuclear Insurance Association of Canada |
|
| NIASA |
National Insurance Buyers Association |
|
| NICB |
National Insurance Crime Bureau |
|
| NLE |
Normal Loss Expectancy; Natural Limit of Exposure |
|
| NLG |
Nose Landing Gear |
|
| NLt |
Night Letter |
|
| NML |
Normal Maximum Loss |
|
| NOAA |
National Oceanic and Atmospheric Administration |
|
| NOC |
Not Otherwise Classified; Non-can; Non-Cancellable; Non-par; Non-Participating |
|
| NP |
Note Payable |
|
| NPS |
National Park Service |
|
| NQ |
(or NQA |
|
| Net Quick Assets |
|
|
| NR |
Note Receivable; Not Rated |
|
| NRV |
New Replacement Value |
|
| NSBIU |
Nova Scotia Board of Insurance Underwriters |
|
| NSC |
National Safety Council |
|
| NSLI |
National Service Life Insurance |
|
| NTO |
Not Taken Out or Not Taken |
|
| NVOC |
Non-Vessel Operating Carrier |
|
| NW |
Net Worth |
|
| NWF |
Net Working Fund |
|
| O/A |
Original Assured |
|
| O/R |
Overriding Commission |
|
| O/S |
Out of Stock; Outstanding |
|
| OASI |
Old Age and Survivors Insurance |
|
| OC |
Open Cover |
|
| OCP |
Owners and Contractors Protective Liability Insurance |
|
| OECD |
Organization for Economic Cooperation and Development |
|
| OG |
On Gross |
|
| OGNRPI |
Original Gross Net Retained Premium Income |
|
| OGPI |
Original Gross Premium Income |
|
| OGR |
Original Gross Rate |
|
| OIA |
Oil Insurance Association |
|
| OIP |
Organization for Insurance and Pensions |
|
| OL&T/OL+T/OLT |
Owners |
|
| OMB |
Office of Management and Budget |
|
| ONC |
Ordinary National Certificate |
|
| ONR |
Original Net Rate |
|
| OP |
Original Premium; Order Policy |
|
| OR |
Original Rate |
|
| OSHA |
Occupational Safety and Health Administration |
|
| OT |
Occupational Therapy |
|
| OTC |
Over the Counter |
|
| P&C |
Property and Casualty |
|
| P&I |
Protection and Indemnity |
|
| P&L |
Profit and Loss |
|
| P&P |
Property and Persons |
|
| P/A |
Power of Attorney |
|
| PA |
Particular Average; Public Accountant |
|
| PACT |
Parliamentary Advisory Council of Transport Safety |
|
| PAP |
Pension Administration Plan; Private Automobile Policy |
|
| PAYDUC |
Payroll Deductions Advice |
|
| PAYE |
Pay As You Earn |
|
| PAYEXT |
Extended Payment Order |
|
| PAYMUL |
Multiple Payment Order |
|
| PAYOD |
Payment Order |
|
| PC |
Petty Cash |
|
| PCB |
Polychlorinated Biphenyls |
|
| PCBB |
Primary Commercial Blanket Bond |
|
| PCOR |
Profit Commission on Renewal |
|
| PD |
Property Damage |
|
| PDC |
Premium and Dispersion Credits |
|
| PDH |
Property Damage Household |
|
| PEBB |
Public Employees Blanket Bond |
|
| PEC |
Pre-existing Condition |
|
| PEF |
Personal Effects Floater |
|
| PEFCO |
Private Export Funding Corporation |
|
| PEP |
Pension Savings Plan |
|
| PERT |
Program Evaluation and Review Technique |
|
| PFI |
Private Financial Initiative |
|
| PFSAC |
Private and Financial Sector Adjustment Credit |
|
| PIA |
Press Internationale des Assurances |
|
| PICC |
People's Insurance Company of China |
|
| PILR |
Property Insurance Loss Register |
|
| PIOPIC |
Clause Protection and Indemnity Oil Pollution Indemnity Clause |
|
| PIP |
Public and Institutional Property |
|
| PL |
Programing Language; Partial Loss |
|
| PLATO |
Pollution Liability among Tanker Owners |
|
| PLC |
Public Limited Company |
|
| PLE |
Primary Loss Expectancy |
|
| PLL |
Passenger Legal Liability |
|
| PLR |
Primary Loss Retention |
|
| PML |
Possible Maximum Loss; Probable Maximum Loss |
|
| PMLE |
Probable Maximum Loss Expectancy |
|
| PN |
Promissory Note |
|
| PO |
Public Official |
|
| POS |
Point of Sale |
|
| POST |
Peace Officer Standards and Training |
|
| POTS |
Perils of the Sea |
|
| PP |
Percentage Point |
|
| PP&C |
Personal Property and Casualty |
|
| PPAP |
Production Part Approval Process |
|
| PPF |
Personal Property Floater |
|
| PPI |
Policy Proof of Interest (Honour Policy) |
|
| PPM |
Parts per Million Analysis |
|
| PRA |
Political Risk Assessment |
|
| PRD |
Pro Rata Distribution (Clause) |
|
| PS |
Principal Sum |
|
| PSA |
Policy Suspense Account |
|
| PSAC |
(pi'soeik) |
|
| Policy Signing and Accounting Centre |
|
|
| PSC |
Public Service Commission |
|
| PSD |
Prevention of Significant Deterioration |
|
| PSSBB |
Public School System Blanket Bond |
|
| PT |
Pacific Time |
|
| PUC |
Public Utilities Commission |
|
| PV |
Present Values |
|
| PvEHE |
Private Expenditure on Health |
|
| QFD |
Quality Function Deployment |
|
| QOS |
Quality Operating System |
|
| QSA |
Quality System Assessment |
|
| QTY |
Quantity |
|
| R&CC |
Riots and Civil Commotions |
|
| R/I |
Reinsurance; Reinsured |
|
| RBNS |
Reported but Not Settled Claims |
|
| RD |
Risk of Decontamination |
|
| RDC |
Running-Down Clause |
|
| RE |
Real Estate |
|
| REMADV |
Remittance Advice Message |
|
| RES.EXP |
Rescuer's Expenses |
|
| REX |
Risk Exchange |
|
| RHBI |
Rain and Hail Insurance Bureau |
|
| RIA |
Railroad Insurance Association |
|
| RICS |
Royal Incorporation of Chartered Surveyors |
|
| RIMS |
Risk and Insurance Management Society |
|
| RINET |
Reinsurance and Insurance Network |
|
| RIRG |
Risk and Insurance Research Group |
|
| RM |
Risk Manager |
|
| RML |
Residual Market Loading |
|
| ROA |
Reinsurance Offices' Association |
|
| ROE |
Rate of Exchange; Return on Equity |
|
| ROLAC |
Registry of Life Assurance Commissions |
|
| RoSPA |
Royal Society for the Prevention of Accidents |
|
| RP |
Return Premium |
|
| RPK |
Revenue Passenger Kilometres |
|
| RRCC |
Reduced Rate Contribution Clause |
|
| RS |
Revised Statutes |
|
| RTA |
Road Traffic |
|
| RU |
Railway Underwriter |
|
| S&M |
Stock and Machinery |
|
| S/A |
Special Agent or State Agent |
|
| S/R |
Safety Representative |
|
| SA |
Society of Actuaries |
|
| SAS |
Statement of Auditing Standards |
|
| SCS |
Small Claims |
|
| SDR |
Special Drawing Rights |
|
| SDWMP |
South Dakota Weather Modification Program |
|
| SEBI |
Securities and Exchange Board of India |
|
| SEC |
Securities and Exchange Commission |
|
| SEEO |
Salvo errore et omissione |
|
| SELP |
Social-Economic-Legal-Political |
|
| SERPS |
State Earnings Related Pension Scheme |
|
| Setl Ccy |
Settlement Currency |
|
| SEUA |
Southeastern Underwriters Association |
|
| SFA |
Securities and Futures Authority |
|
| SFPE |
Society of Fire Protection Engineers |
|
| SG Policy |
Ship and Goods Policy |
|
| SIO |
Social Insurance Organization |
|
| SIR |
Self-Insured Retention |
|
| SITC |
Swiss Insurance Training Centre |
|
| SMP |
Sinistre Maximum Probable; Sinistre Maximum Possible |
|
| SMP |
Special Multi-Peril Policy |
|
| SOL |
Shipowner's Liability |
|
| SOLAS |
Safety of Life at Sea |
|
| SOP |
Standard Operating Procedure |
|
| SP |
Sine Prole |
|
| SPC |
Statistical Process Control |
|
| SQL |
Structured Query Language |
|
| SR |
Short Rate |
|
| SR |
&CC |
|
| SRA |
Self-Regulatory Agency |
|
| SSA |
Social Security Actuary |
|
| SSD |
Social Security Department |
|
| SST |
Sea Surface Temperature |
|
| STATAC |
Statement of Account |
|
| STC |
Standard Trading Conditions |
|
| SVPA |
Supplementary Voluntary Pension Assurance |
|
| SWIFT |
Society for Worldwide Interbank Financial Telecommunication |
|
| SWOT |
Strengths |
|
| T |
Total |
|
| TASH |
Technology Assessment of the Suppression of Hail |
|
| TAV |
Total Asset Value |
|
| TB |
Trial Balance |
|
| TBA |
To Be Advised |
|
| TCAS |
Traffic Alert and Collision Avoidance System |
|
| TCV |
Total Contract Value |
|
| TDB |
Temporary Disability Benefits |
|
| TE |
Time Excess |
|
| TGR |
Thing Gone Right |
|
| TGW |
Thing Gone Wrong |
|
| TIRB |
Transportation Insurance Rating Bureau |
|
| TL |
Transport Liability |
|
| TLO |
Total Loss Only |
|
| TNEC |
Temporary National Economic Committee |
|
| TOF |
Training Officers Forum |
|
| TOT |
Total |
|
| TOVALOP |
Tanker Owners' Voluntary Agreement Concerning Liability for Oil Pollution |
|
| TPA |
Trading Partner Agreement |
|
| TPD |
Third Party Death |
|
| TPL |
Total Probable Loss; Third Party Liability |
|
| TPND |
Theft |
|
| TQM |
Total Quality Management |
|
| TRIP |
Total Revenue Increase Potential |
|
| TSB |
Trustee Savings Bank |
|
| TSI |
Total Sum Insured |
|
| TWDB |
Texas Water Development Board |
|
| TWI |
Training Within Industry |
|
| U&O |
Use and Occupancy |
|
| UCAR |
University Corporation for Atmospheric Research |
|
| UCC |
Uniform Commercial Code |
|
| UJF |
Unsatisfied Judgment Fund |
|
| UN /ECE |
United Nations Economic Commission for Europe |
|
| UN /EDIFACT |
United Nations Electronic Data Interchange for Administration Commerce and Transport |
|
| UNCID |
Uniform Rules of Conduct for Interchange of Trade Data by Teletransmission |
|
| UNCITRAL |
United Nations Commission on International Trade Law |
|
| UNCTAD |
United Nations Conference on Trade and Development |
|
| UNESPA |
Spanish Association of Insurance Companies |
|
| UOA |
Use of Other Automobiles |
|
| UP |
Unearned Premium |
|
| UPR |
Unearned Premium Reserve |
|
| USA |
Underwriters' Service Association |
|
| USAIG |
United States Aircraft Insurance Group |
|
| USASI |
United States of America Standards Institute |
|
| USDA |
United States Department of Agriculture |
|
| USGLI |
United States Government Life Insurance |
|
| USPHS |
United States Public Health Service |
|
| UW |
Underwriter |
|
| UWRS |
Underwriters |
|
| V&MM |
Vandalism and Malicious Mischief |
|
| VAN |
Value Added Network |
|
| VAR |
Value at Risk |
|
| VAT |
Value Added Tax |
|
| VE |
/VA |
|
| VFD |
Volunteer Fire Department |
|
| VLCC |
Very Large Crude Carrier |
|
| VLS |
Valuation Linked Scheme |
|
| VVBR |
Very |
|
| W |
Workmen's Compensation |
|
| WA |
With Average |
|
| WACC |
Weighted Average Cost of Capital |
|
| WBS |
Without Benefit of Salvage |
|
| WC |
Workmen's Compensation |
|
| WCO |
World Customs Organization |
|
| WD |
Water Damage |
|
| WEF |
World Economic Forum |
|
| WIC |
War Insurance Corporation |
|
| WIHO |
Winterthur International Home Office |
|
| WIN |
World Insurance Network |
|
| WMO |
World Meteorological Organization |
|
| WOH |
Work on Hand |
|
| WPA |
With Particular Average |
|
| WQIA |
Water Quality Improvement Act |
|
| WQIS |
Water Quality Insurance Syndicate |
|
| WTO |
World Trade Organization |
|
| WUA |
Windstorm Underwriting Association |
|
| X-Bracing |
Cross Bracing |
|
| XCL |
Excess Current Liabilities |
|
| XL |
Excess Loss |
|
| YRT |
Yearly Renewable Term |
|
